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New rules for registration of investment certificates in closed funds

The act introduces an alternative method of registering investment certificates in non-public closed investment funds. Investors gain the option to maintain a participants' register without using the securities depository system, which may reduce costs and simplify procedures.
Key points
Non-public closed funds may maintain a participants' register outside the depository system if the statute allows.
The register contains personal data, addresses, and information about held investment certificates.
Changing the registration system requires approval from investors representing more than half of the certificates.
Funds have 6 months to adapt existing registers to the new requirements.
Transition from register to depository requires signing an agreement within 3 months of investor approval.
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53%
VOTING RESULTS
2026-02-27
For 231
Against 203
Abstain 1
Full voting results open_in_new
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Status:
Became Law
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Additional Information
Rządowy projekt ustawy o zmianie ustawy o funduszach inwestycyjnych i zarządzaniu alternatywnymi funduszami inwestycyjnymi oraz ustawy o obrocie instrumentami finansowymi.
Print number: PROJEKT USTAWY 2163
Process start date: 2026-01-20
Voting date: 2026-02-27
Voting no: 69